Life On Earth, Inc. (LFER) financial statements (2022 and earlier)

Company profile

Business Address 1345 6TH AVE.
NEW YORK, NY 10105
State of Incorp. DE
Fiscal Year End May 31
SIC 208 - Beverages (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

11/30/2021
TTM
5/31/2021
5/31/2020
5/31/2019
5/31/2018
5/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments42354111189218
Cash and cash equivalents42354111189218
Receivables316 43182160
Inventory, net of allowances, customer advances and progress billings   232339293
Inventory   232339293
Prepaid expense23 0102 
Other undisclosed current assets 70 312  
Total current assets:751144698812671
Noncurrent Assets
Property, plant and equipment44 3111260
Intangible assets, net (including goodwill)4,6615,102 5861,723339
Goodwill   195922 
Intangible assets, net (excluding goodwill)4,6615,102 391801339
Regulated entity, other noncurrent assets  16   
Deposits noncurrent assets   5225
Other undisclosed noncurrent assets  (16) 48 
Total noncurrent assets:4,6645,106 6221,905405
TOTAL ASSETS:4,7405,21941,3212,7171,076
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,3032,1641,8332,0361,816719
Accrued liabilities     18
Interest and dividends payable00    
Other undisclosed accounts payable and accrued liabilities2,3032,1641,8332,0361,816701
Debt3338694587785520
Derivative instruments and hedges, liabilities 111147   
Due to related parties885862 2 
Business combination, contingent consideration, liability 41557383  
Other undisclosed current liabilities3,0687,0951,4971,065987557
Total current liabilities:5,4929,8814,2904,0713,5901,796
Noncurrent Liabilities
Long-term debt and lease obligation    49 
Long-term debt, excluding current maturities    49 
Other undisclosed noncurrent liabilities    58 
Total noncurrent liabilities:    107 
Total liabilities:5,4929,8814,2904,0713,6971,796
Stockholders' equity
Stockholders' equity attributable to parent, including:(753)(4,662)(4,286)(2,750)(980)(720)
Preferred stock  1111
Common stock623013402419
Additional paid in capital18,87813,94212,90112,0845,7943,055
Accumulated deficit(19,695)(18,635)(17,201)(14,875)(6,798)(3,795)
Other undisclosed stockholders' equity attributable to parent32    
Total stockholders' equity:(753)(4,662)(4,286)(2,750)(980)(720)
TOTAL LIABILITIES AND EQUITY:4,7405,21941,3212,7171,076

Income statement (P&L) ($ in thousands)

11/30/2021
TTM
5/31/2021
5/31/2020
5/31/2019
5/31/2018
5/31/2017
Revenues15936641,0093,2562,458
Revenue, net 2,458
Gain on disposition of assets for financial service operations177361 
Net investment income   1,009  
Cost of revenue
(Cost of Goods and Services Sold)
(1) (167)(873)(2,529)(1,780)
Other undisclosed gross profit25     
Gross profit:18336(102)136726678
Operating expenses(1,274)   (1,753)(2,338)
Operating income (loss):(1,090)36(102)136(1,026)(1,659)
Nonoperating income (expense) (25)813(903) 98
Investment income, nonoperating (25)813(903)  
Other nonoperating income     98
Interest and debt expense(400)(424)(745)(1,954)(2,114)(1,418)
Other undisclosed income from continuing operations before equity method investments, income taxes438     
Loss from continuing operations before equity method investments, income taxes:(1,053)(413)(34)(2,721)(3,141)(2,980)
Other undisclosed income (loss) from continuing operations before income taxes   (5,356)0 
Loss from continuing operations before income taxes:(1,053)(413)(34)(8,077)(3,141)(2,980)
Income tax benefit    137 
Loss from continuing operations:(1,053)(413)(34)(8,077)(3,004)(2,980)
Loss from discontinued operations(692)(1,409)(3,139)   
Net loss:(1,744)(1,821)(3,173)(8,077)(3,004)(2,980)
Other undisclosed net income (loss) attributable to parent(33)387847   
Net loss available to common stockholders, diluted:(1,777)(1,434)(2,326)(8,077)(3,004)(2,980)

Comprehensive Income ($ in thousands)

11/30/2021
TTM
5/31/2021
5/31/2020
5/31/2019
5/31/2018
5/31/2017
Net loss:(1,744)(1,821)(3,173)(8,077)(3,004)(2,980)
Comprehensive loss, net of tax, attributable to parent:(1,744)(1,821)(3,173)(8,077)(3,004)(2,980)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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